Sentences with phrase «vehicles depreciate in value»

Not exact matches

Such a reduction in residual values could cause us to sustain a loss on the ultimate sale of these vehicles, or require us to depreciate those vehicles on a more rapid basis while we own or lease them.

Kelley Blue Book roundly praised the GLK — while many vehicles in the luxury segment depreciate quickly, the GLK retains a ton of value.

Used cars are generally priced much lower than new cars, and they do not depreciate as rapidly as new cars, which decrease in value the minute the customer drives the new vehicle home.

You might find that if the vehicle is going to depreciate in value over time the lender might require additional collateral as well.

Maybe, you can sell an extra vehicle or boat that you don't really need and depreciates in value each day.

Debt including credit card balances and discretionary purchases of expensive vehicles (which quickly depreciate in value) and other non-essential goods are considered «bad debt» due to the costs associated with carrying balances.

You pay interest on not only the purchase of the vehicle but also the insurance, the warranty and any other items for a thing that depreciate in value.

However, both collision and comprehensive Leavenworth vehicle insurance decrease in value quickly as time goes by and the car ages and depreciates.

Please note that in the event of a loss, you may be responsible for the replacement cost of the vehicle, lost income the rental agency incurs while the vehicle is unable to be used, and / or depreciated value.

Since your new vehicle starts to depreciate in value from the moment you drive it off the showroom floor, this policy is the only one available that recognizes more than the «fair market value» of the car.

If your covered vehicle is totaled in your first year as a Liberty Mutual customer, you can file a claim that will get you the money for a brand new automobile, not just the depreciated value of the vehicle you had covered.

While your vehicle is a little older and will have depreciated somewhat in value, these types of damages can still be very expensive.

Exotic - A motor vehicle that is considered to be increasing in value rather than depreciating because of its specific make, model year of manufacture and exceptional physical condition.

Standard auto insurance policies cover the depreciated value of a car — in other words, a standard policy pays the current market value of the vehicle at the time of a claim.

In car insurance, depreciation is calculated as the rate at which the values of car parts depreciate as the vehicle ages.

The Insurance Information Institute (III) notes that new vehicles can depreciate in value as much as 20 percent within their first year, and standard auto policies typically cover the actual cash value, which will likely be less than the purchase price.

Due to these higher risks, Virginia insurance companies quote mobile home insurance a bit like they quote car insurance - the home tends to depreciate in value over time, not unlike a new vehicle driven off a dealership lot.